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Old 1st Jan 2006, 16:50
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IO540
 
Join Date: Jun 2003
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Re: Leasing a new plane

A lot of people think about this. The usual answer is that it will never make money, probably not even cover the costs, yet you end up with a wrecked plane.

A lot of planes "owned" by flying schools are in fact leased/rented/etc from private owners and they usually are...... wrecked.

I think that in the right situation - a classy IFR plane, and an IR training school nearby - it might work, largely because you can then insist on named instructors always in the P2 seat i.e. no solo self fly hire. I did that very briefly, but there were "certain problems" with the management of the school.

There can be substantial Revenue and VAT benefits in doing even a limited amount of such hire, which is why a lot of people do it.
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